Global Customer Experience Management Market – Industry Challenges, Key Vendors, Drivers, Trends and Forecast to 2023

Market Highlights:

The customer experience management system helps to identify customer needs, product problems and provides solutions to improve customer lifecycle. Increasing demand for customer satisfaction, the increasing need to manage customer experience management, customer retention and competitive environment are the factors boosting the growth of the customer experience market.

Customer Experience Management Market is Also, the presence of call centers across industry verticals manage customer queries and increasing need to retain customer through calls in order to reduce cost is expected to boost the market over the forecast period, 2017-2023.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Customer Experience Management Market by Forecast to 2023”.

Major Key Players:

  • IBM Corporation (U.S.)
  • SAS Institute Inc. (U.S.)
  • Adobe Systems Incorporated (U.S.)
  • Tech Mahindra Limited (India)
  • Oracle Corporation (U.S.)
  • Open Text Corporation (Canada)
  • Nokia Networks (Finland)
  • Avaya Inc. (U.S.)
  • SDL (U.K.)

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Customer Experience Management Market:

According to Market Research Future, market has been segmented into touch point, end-users and region.

On the basis of end-users, the market has been segmented into banking & finance, manufacturing, government, IT & telecommunications, energy & utilities, healthcare, automotive, media & entertainment among others.

Out of these end-users, manufacturing segment accounted for the largest market share, majorly due to the growing focus of manufacturing companies on retaining customers and acquiring new customers. Also, the manufacturing sector face various challenges such as high operational cost and other economic factors. Manufacturing companies focus on customer experience management to achieve business profitability.

Regional Analysis:
Regionally, North-America accounted for the largest market share, increased adoption of new technological solutions, regional growth of the customer experience management and increasing customer expectations.

However, Asia-Pacific region is expected to grow over the forecast period, 2017-2023. The reason is attributed to the increasing competition among major players, increasing consumer needs and the availability of new technological solutions.

Market Research Future Analysis:

The global customer experience management market is expected to grow significantly over the forecast period, 2017-2023. Manufacturing segment of customer experience management market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.

North America region accounted for the largest market share because of the technological advancements, increasing e-commerce and m-commerce and growing need for regional customer satisfaction. Countries such as U.S. accounted for the largest market share, majorly due to increasing number of small & medium enterprises and also increasing practice for understanding customer feedback to improve customer satisfaction.

However, the Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2017-2023. The region is attributed to the growth in the manufacturing hub and the growth in digitalization.

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Intended Audience:

  • Manufacturers
  • Distributors
  • Research firms
  • Consultancy firms
  • Software Developers
  • Vendors
  • Semiconductor Manufacturers

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